CEMENT BOARD MARKET ANALYSIS

Market Challenges And Opportunities

Global Cement Board Market- Drivers

• Growing residential sector: Growing residential sector across the globe is expected to drive the global cement board market growth. Cement board is majorly used in both external and internal applications. These are used in internal claddings that include windowsills, partition walls, ceilings and floors, and tile backer boards. For instance as per the report by the US Census Bureau. In the United States, privately-owned residential properties are gaining popularity. In 2020, 1,471 new housing units were permitted, and the number grew to 1,729 in 2021.
• Increasing single-family homes in North America and Europe: Increasing number of single-family homes in North America and Europe is another key factor propelling the market growth. According to the U.S. Census Bureau, in the U.S., privately-owned residential properties are gaining popularity. In 2020, 1,471 new housing units were permitted in the U.S, and the number grew to 1,729 in 2021.

Global Cement Board Market- Opportunities

• Increasing utilization of cement board in wall in business and private spaces: Growing usage of cement board in wall partition in commercial and residential spaces is expected to offer lucrative growth opportunities over the forecast period. These are the best way to partition a space for applications such as making pantries, cubicles, or meeting rooms. Wall partition by using cement board is a highly flexible solution. Also, this solution provides same strength, as that of conventional wall. Moreover, these can be put in place easily.

• Rising applications for concrete sheets: Furniture, permanent shuttering, prefabricated houses, ceilings and architraves, and fire-resistant construction and others are the other emerging applications for cement boards. This is again anticipated to offer significant growth opportunities in the near future. Cement board is an emerging solution, and are gaining acceptance in above mentioned applications.

Global Cement Board Market- Restraints

• Environmental concerns: Environmental concerns related to the manufacturing of fiber cement boards is a prime factor that is expected to hinder the market growth. Counterbalance: The process used to make fiber cement is eco-friendly. When fiber making cement is made, the water used during its manufacturing process is recycled many times. The solid wastes are also recycled along with the water for fiber cement boards.
• High cost of installation: High cost of installation and maintenance is another key factor that is expected to hamper the market growth over the forecast period. Counterbalance: Before the process of installation of cement boards, it is necessary to make proper arrangements of the installation techniques, to avoid any costly errors. At first, the work area needs to be prepared, cutting of the cement boards properly, laying off and securing the cement boards, application of the optional waterproof membrane and so on, in order to avoid any unforeseen mistake of installations.